Which of the following would not be included on an income statement?
A)Accumulated depreciation.
B)Insurance expense.
C)Cost of goods sold.
D)Discontinued operations.

Question

Quizplus · Accepted Answer

Accumulated depreciation is not included on an income statement as it is a contra asset account that appears on the balance sheet. The other options (B, C, and D) are commonly found on an income statement.

Which of the Following Would Not Be Included on an Income